Jul 31, 2020
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Apple for the first time became more expensive than Saudi Aramco

The American company Apple has once again become the most valuable public company in the world. She took this title from the Arabian Saudi Aramco.

Shares of the IT giant as of 18:24 Moscow time rose in price by 6.84%, to $ 411.08. Thus, its capitalization amounted to $ 1.78 trillion. Capitalization of Saudi Aramco is less by $ 10 billion.

Apple securities have increased in value after the publication of good financials.

Earlier wrote that Apple may release a new iPhone 12 without branded wired headphones. Analyst Ming-Chi Kuo believes dropping the bundled wired earbuds will help increase demand for wireless AirPods, which are sold separately.

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